The crazy thing is that the last 5 months or so will all have been just a prelude to the main event if a sovereign debt crisis or a currency crisis is triggered by all this.
Americans don’t understand the privilege that comes with being the world’s reserve currency and the petrodollar. FAFO though
Americans don’t understand the privilege that comes with being the world’s reserve currency and the petrodollar. FAFO though
Reposted from
Carl Quintanilla
DEUTSCHE: “.. We are becoming increasingly concerned that the dollar is at risk of a broader confidence crisis. .. The safe haven properties of the dollar are being eroded and this is imposing a significant cost on unhedged dollar holdings.” 🇺🇸
@robinwigglesworth.ft.com
www.ft.com/content/7664...
@robinwigglesworth.ft.com
www.ft.com/content/7664...
Comments
Why?
The more energy independence from FF that countries have the less that country needs dollars
EU and especially China rewriting rules quite fast
As well the Euro is backed by an equally big population & economy as the dollar